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Challenging mortgage valuations
MC0NN
Posts: 10 Forumite
Has anyone else gone through the process of getting a mortgage valuation reassessed? Local property prices in my street appear higher than the one HSBC has set; also four estate agents have suggested higher. I know that maybe agent business tactics and that valuations aren't an exact science, but if my mortgage company agrees to a marginally higher evaluation (£2k), I will fall into an 80% Lone to Value rate rather than 85%.
Any tips, please?
Any tips, please?
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Comments
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You haven't told us the value. As you say, it isn't an exact science, so £2k is likely to be within normal margins of error. And estate agents are always more ambitious about prices than the dispassionate view which surveyors will take.
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